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It's basically an MLM scheme. As long as you have rubes come in after you, you'll make money.
But if you're the last one in you'll be left holding the bag.
I knew the bottom was coming up when I started seeing bitcoin ads on youtube
yeah i want advice from the very oldest person to make it. i want advice from the 60 year old artist who burned each bridge to get her art out there.
we literally just gush over overnight sucesses and young bullshit like BROOOO...
Bitcoin gets less and less energy efficient over time given that it gets more scarce the more that are mined. By design, it does so at least as fast as efficiency improvements can be made in terms of hardware.
Bitcoin gets less and less energy efficient over time given that it gets more scarce the more that are mined.
Sure. Original Bitcoin.
But there are a thousand competing shitcoins that are all reinventing the cryptocurrency idea, and every new one reinvents the efficiency of early mining and lets people forget that it all grinds to a halt above a certain soft ceiling. Miners can keep doing this as long as they can get a new set of suckers to sign on to the next "improved" math model. Meanwhile, the astronomically high per-unit price of the original gives people the impression that the sky will forever be the limit.
It's such a crazy system.
bitcoiners who arent knowingly ghouls are like new age georgists
changing this one thing about money is gonna change the world. the rich definitely aren't going to control this new thing we came up with too!
This is unfair georgists have at least a reasonable anti-landlord stance
didnt they just want landlords to pay a greater share of taxes? pretty weak stuff
That's the one thing I don't get about any "Elon Musk take me to Mars! He's saving the planet with technology." people who exist. Like, they're gonna use this new technology to fuck you over.
What do you think the Industrial Revolution was "I Fucking Love Science" subscribers? Did this new technology free these people or did it send them into cities and factories to die from flour explosions and diseases that live in shit?
Did this new technology free these people or did it send them into cities and factories to die from flour explosions and diseases that live in shit?
Technology is Why We Have All These Wonderful Things, I say as I masturbate into a rubber tube while adjusting the resolution of my VR Headset.
I work with someone who once proclaimed to me in the first informal conversation I had with him that “I’ve never been that financially minded but cryptocurrency has got me so fascinated”, and the monologued about it for 10 minutes. He’s one of those “in it for the tech” people who somehow think that blockchain is going to revolutionize anything and everything. He has also said he wants to move to Miami because of the “hot crypto tech scene there”.
I wonder if the crypto markets will stay irrational long enough to outlast Miami’s drinking water supply.
I honestly don’t understand what’s so revolutionary about blockchain that it will cure the world’s social and environmental ills.
I once had this tech guy explain to me how NFT's could somehow make coupon cards at takeout places better by somehow making coupons "transferable". He never got to tell me why a centralised authorisation server wouldn't work but he was very excited about the idea.
Finally. We can live in a marketplace with transferable coupons. What a game changer. The world will never be the same again.
yeah they can literally just press a button. the reason its not banned yet is that all the criminals are using it.
I don't know dick about crypto other than its bad for the planet and it sounds fucking stupid when people have explained it.
That said, I will ALWAYS support you dunking on crypto nerds. Your posts give me fuel. :avoheart:
Can you buy drugs off the darkweb with strawbberrys? Thought so.
Can you still by drugs online with Bitcoin? Silk road was fucking awesome when it was around.
Didn't it come back up under a different name? You probably still can somewhere out there on the dark web.
Yeah, there's still quite a few hidden sites out there to buy drugs on. I think once Silk Road proved it was possible, the cat was out of the bag. Every time a drug market is seized or does an exit scam, a bunch more pop up in its place.
Maybe I thought the guy who hosted it got busted by the FBI.
Pretty sure he did, but knowing the internet something like it would probably pop up again. Can't speak for how safe that all is though compared to silk road.
Yeah I'm sure. I remember using silk road back when Bitcoin was like $10-15 a coin.
Yes yes of course, but I mean just a box with drugs? They don't need to hide it in some way?
My understanding is, yeah, basically exactly that. I've never done it, 3 straight edge 5 u, but according to a couple friends who did use it at the time, it really did just show up in one of those mailer envelopes.
it really did just show up in one of those mailer envelopes.
That's great lol. Oh hey Janet, yeah just picking up my drugs from the post office, how's Bill?
On my way home from the communism factory, just picking up my marijuana and carfentanil from the postal bank.
I vaguely remember getting tabs in an envelope with a birthday card or something. MDPV I got with a bracelet. Customs don't "hard check" every single package; they rely a lot on declarations and random checks. So so long as the thing being sent with the drugs is plausibly mailed, you're generally safe.
(e.g. The package with the drugs in it would say it has a "goth novelty bracelet" in it, but it ALSO has a vial or a bunch of baggies)
I don't think drugs like pot with a lot of volume were very commonly sold. Most psychedelics are pretty small so a handful of doses isn't really conspicuous in a letter with the name of some boring company on it.
Yeah just in the mail. Lol. Sometimes poorly hidden in a jar or something but most the times just envelopes/bags.
The transaction fees are kinda crazy these days, my guess is at least some markets accept some other currency alongside bitcoin. Haven't looked into it in a long while though
As someone who was into Bitcoin pretty early on (2011), it's a complete waste of time arguing with these people. Even as a radlib it was like arguing with a fucking brick wall; it never went anywhere and they would just keep repeating their same points over and over. And every time I poke my head back into the crypto community (if you can call it that), I find that it hasn't changed one bit, even if the names of the scamcoins have.
Lol if you made bitcoin production 10x as efficient, it'd just make whoever came up with that technique rich. It wouldn't even affect the supply of bitcoins, that's baked into the design.
:gulag: for anyone who starts a sentence with "you do realize" to make a bad, condescending point
You do realize that as I post this I have genitals growing from my forehead.
I’ll never get to fulfill my Scrooge McDuck strawberry fantasy because of these fucking libertarians
Bruce Schneier (Creator of the Blowfish cipher, Tor Project board member) has a good take on cryptocurrencies/blockchain:
https://en.wikipedia.org/wiki/Bruce_Schneier#Blockchain
